Post: Countries with the Most Millionaires
06-27-2010, 07:56 PM #1
rjive
Love Big Titty Bitches
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I found this information interesting. Included some of my own ghetto analysis as well. You'll find the source to full article at the end. Smile


  1. United States of America - 4.75 million millionaires out of 300million total population.


  2. Japan - 1.23 million millionaires out of 127 million total population.


  3. China - 670k millionaires out of 1.3 BILLION total population


  4. United Kingdom - 480k millionaires out of 61 million total population


  5. Germany - 430k millionaires out of 82 million total population


  6. Italy - 300k millionaires out of 60 million total population


  7. Switzerland - 283k millionaires out of 7.8 million total population


  8. France - 280k millionaires out of 62 million total population.


  9. Taiwan - 230k millionaires out of 23 million total population


  10. Hong Kong - 205k millionaires out of 7 million total population.



What I find more interesting in the article is the amount the wealth represents of the total wealth of the country. Take the top three, US, Japan & China and let's analyze their figures a bit more.

U.S. - 56% of the total wealth of the US consists of 2% of the total population. Half of the countries tax receipts coming from only two percent of the population.

Japan - 21% of the total wealth of Japan consists of the top 1% of the total population.

China - This country seems to have the biggest divergence between total population and the wealthy. Only .0005% of the total population accounts for 50% of the country's total wealth. Those are astonishing numbers.

Finally, let's take a look at the U.K. since we have a strong population on this site from there. The U.K. has 7.95% of the population accounting for 23% of the countries wealth. This interesting data. Looking at this, the majority of the U.K. seems to be represented by the middle class however the top 8% of the wealthy are SUPER wealthy.

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The following 5 users say thank you to rjive for this useful post:

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06-27-2010, 08:30 PM #11
Jomow
Smile and wave boys
Is it all converted into USD?
06-27-2010, 08:31 PM #12
Reaper
The Grim Reaper
My Dad plays the lottery everyday.. All the money he spent on that he would most likely be rich at the moment lol =D
06-27-2010, 08:34 PM #13
rjive
Love Big Titty Bitches
Originally posted by DESTRUCTINATOR View Post
Is it all converted into USD?


I presume it's USD... It won't be far before the Euro is the standard, but currently USD is typically the standard unless otherwise noted. :p
06-27-2010, 08:36 PM #14
Cyber Altair
League Champion
Originally posted by rjive View Post
You're absolutely right man. I'm not a fan of socialism or re-distribution of wealthy, but I think China has a got to do something to help the poverty levels across the 1.3 BILLION (freaking billion) people they have. Winky Winky


I hear condoms are all the rage these days.
06-27-2010, 08:40 PM #15
Originally posted by rjive View Post


China - This country seems to have the biggest divergence between total population and the wealthy. Only .0005% of the total population accounts for 50% of the country's total wealth. Those are astonishing numbers.

I found that very interesting. Even though China represents themselves as Communist and their pure motive to spread the wealth equally the rich still reside over the rest of the population. A pefect example to show how obtaining a stable system of Communism is near impossible.


Finally, let's take a look at the U.K. since we have a strong population on this site from there. The U.K. has 7.95% of the population accounting for 23% of the countries wealth. This interesting data. Looking at this, the majority of the U.K. seems to be represented by the middle class however the top 8% of the wealthy are SUPER wealthy.

I believe that to be caused by the high tax rate.




Nice analysis.
06-27-2010, 08:46 PM #16
Jomow
Smile and wave boys
Communism is fail just cos people arnt equal as the leaders are wealthier/have all power. China is a kind of capitalist-communist state now as it has tax free FDI from TNCs. It also has the largest percentage rise of GDP compared to all other countries. With a 10% increase per year over the past 10 years. The population is generally becoming wealthier as the TNCs pay the workers well and even provide free housing/education and healthcare. Howeve it is the people that still live in rural areas that are missing out as the FDI doesnt benefit them and the government isnt bothered.

Source - Myself.
06-27-2010, 10:46 PM #17
rjive
Love Big Titty Bitches
Originally posted by DESTRUCTINATOR View Post
Communism is fail just cos people arnt equal as the leaders are wealthier/have all power. China is a kind of capitalist-communist state now as it has tax free FDI from TNCs. It also has the largest percentage rise of GDP compared to all other countries. With a 10% increase per year over the past 10 years. The population is generally becoming wealthier as the TNCs pay the workers well and even provide free housing/education and healthcare. Howeve it is the people that still live in rural areas that are missing out as the FDI doesnt benefit them and the government isnt bothered.

Source - Myself.


awesome info. Thanks for posting.

Again that's why I think we all need to watch these emerging markets. Unfortunately for China most of their GDP and exports rely heavily on the rest of the world economies being healthy. Lack in US consumer spending leads to lower Chinese exports. Smile

Still I think these emerging markets (China, India etc) have tons of growth left in them. Their growth will happen a rapid pace for sure.
06-27-2010, 10:50 PM #18
Jomow
Smile and wave boys
Originally posted by rjive View Post
awesome info. Thanks for posting.

Again that's why I think we all need to watch these emerging markets. Unfortunately for China most of their GDP and exports rely heavily on the rest of the world economies being healthy. Lack in US consumer spending leads to lower Chinese exports. Smile

Still I think these emerging markets (China, India etc) have tons of growth left in them. Their growth will happen a rapid pace for sure.


Yeah the 'BRICs' - Brazil, Russia, India and China are the emerging superpowers. It is predicted that by 2025 China's economy will be larger than the US' and India's will be bigger than the US' by 2050. Also it is predicted that by 2050 half the world's population will live in China and India.
06-27-2010, 10:54 PM #19
rjive
Love Big Titty Bitches
Originally posted by DESTRUCTINATOR View Post
Yeah the 'BRICs' - Brazil, Russia, India and China are the emerging superpowers. It is predicted that by 2025 China's economy will be larger than the US' and India's will be bigger than the US' by 2050. Also it is predicted that by 2050 half the world's population will live in China and India.


I think these projects are spot on however if we see some more EU countries fall like Greece has... those time projections might be pushed back a bit.

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